Compliance and Disclosure Interpretations: Update

March 12, 2025

Securities Act Rules C&DIs (UPDATED 3/12/25)
- Section 182. Rules 251 to 263
- Section 254. Regulation D Interpretations of General Applicability
  - Revised Question 254.02
- Section 255. Rule 501 — Definitions and Terms Used in Regulation D
  - Revised Question 255.33
- Section 256. Rule 502 — General Conditions to be Met
- Section 257. Rules 503 and 503T– Filing of Notice of Sales
  - Withdrew Question 257.01
- Section 258. Rule 504 — Exemption for Limited Offerings and Sales of Securities Not Exceeding $10,000,000
  - Withdrew Question 258.05
- Section 260. Rule 506 — Exemption for Limited Offers and Sales Without Regard to Dollar Amount of Offering
Securities Act Sections C&DIs (UPDATED 3/12/25)
- Section 234. Securities Act Section 4(2)
  - Revised Section 234.02
Regulation Crowdfunding C&DIs (UPDATED 3/12/25)
- Rule 100: Crowdfunding exemption and requirements
  - Revised Question 100.01
  - Revised Question 100.02
- Rule 204: Advertising
  - Revised Question 204.01
Securities Act Forms C&DIs (UPDATED 3/12/25)
- Section 130. Form D
  - Withdrew Question 130.11

Last Reviewed or Updated: March 12, 2025

More in this Section